🇪🇺 #EURUSD is reaching a hot spot on the chart (1hr chart)
If the bullish #Elliottwave pattern is to continue, then $EURUSD may find support near current levels and must hold above 1.1545.
Rallying above 1.1585 from current levels shapes a 5-wave rise, an impulse pattern.
Crossing below 1.1545 seals in a 3-wave rise, indicating it was a corrective rally and prices may revisit 1.1325 eventually.
🎯Important zone here...
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1.
I’ve used Elliott Wave for almost 20 years.
Not because it predicts the future.
Because it stops me from doing the dumb s*** others do when chasing market moves
Here’s exactly why it still works. 🧵